Short Interest in AB Core Plus Bond ETF (NASDAQ:CPLS) Increases By 231.6%

AB Core Plus Bond ETF (NASDAQ:CPLS) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 3,492 shares, a growth of 231.6% from the July 15th total of 1,053 shares. Based on an average daily volume of 10,216 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of AB Core Plus Bond ETF

Several hedge funds have recently made changes to their positions in CPLS. Royal Bank of Canada bought a new position in AB Core Plus Bond ETF in the 1st quarter worth about $2,608,000. Goldman Sachs Group Inc. acquired a new stake in shares of AB Core Plus Bond ETF during the first quarter valued at approximately $1,073,000. Jane Street Group LLC purchased a new stake in AB Core Plus Bond ETF in the 1st quarter worth about $1,445,000. NewEdge Advisors LLC grew its holdings in shares of AB Core Plus Bond ETF by 15.3% during the 2nd quarter. NewEdge Advisors LLC now owns 130,920 shares of the company’s stock valued at $4,646,000 after acquiring an additional 17,409 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in AB Core Plus Bond ETF by 14.2% during the second quarter. Alliancebernstein L.P. now owns 968,920 shares of the company’s stock valued at $34,383,000 after acquiring an additional 120,495 shares in the last quarter.

AB Core Plus Bond ETF Stock Up 0.4%

Shares of NASDAQ:CPLS traded up $0.14 on Thursday, reaching $34.69. 1,188 shares of the company’s stock were exchanged, compared to its average volume of 19,678. The business’s 50-day moving average is $34.86 and its two-hundred day moving average is $35.21. AB Core Plus Bond ETF has a fifty-two week low of $34.47 and a fifty-two week high of $36.29.

AB Core Plus Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.1308 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. This is a boost from AB Core Plus Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Monday, August 3rd.

About AB Core Plus Bond ETF

The AB Core Plus Bond ETF (CPLS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in USD-denominated corporate and government debt securities of any maturity and credit quality. CPLS was launched on Dec 13, 2023 and is issued by AB Funds.